Bitcoin is up, and mining is making a comback. Again. At least for the time being. If you're looking for advice on the best GPUs for mining, right now, here's my breakdown and analysis, based on testing over the past few days. These are the best GPUs for mining cryptocurrency, which currently means Ethereum. I'm putting prices in as MSRP, which you probably won't find anywhere for many months. But these are theoretically prices you could pay if supply was keeping up with demand. Adjust your expectations accordingly!
All of my values are based off mining via Nicehash. That's because, frankly, I want either Bitcoin or Ethereum, not one of the other potentially garbage coins. Plus, you can easily trade BTC or ETH for a different coin if that's what you're after. You can probably earn 10% more via mining ETH directly, but then you have to manage things more and it's frankly a pain I can't be bothered to deal with. I use a standard cost of $0.10 per kWh for power, with my own power measurements taken at the outlet, using an 850W 80 Plus Platinum PSU.
| Component | $ per Day | Power per Day | Profit | Break Even |
|---|---|---|---|---|
| GeForce RTX 3090 ($1499) | $7.50 | $0.96 | $6.54 | ~229 days |
| GeForce RTX 3080 ($699) | $6.50 | $0.86 | $5.64 | ~124 days |
| GeForce RTX 3070 ($499) | $4.50 | $0.62 | $3.88 | ~129 days |
| GeForce RTX 3060 Ti ($399) | $4.40 | $0.58 | $3.82 | ~104 days |
| GeForce RTX 2080 Ti ($1199) | $4.40 | $0.72 | $3.68 | ~326 days |
| GeForce RTX 2080 Super ($699) | $3.40 | $0.61 | $2.70 | ~259 days |
| GeForce RTX 2070 Super ($499) | $3.30 | $0.52 | $2.69 | ~186 days |
| GeForce RTX 2060 Super ($399) | $3.10 | $0.48 | $1.82 | ~154 days |
| GeForce RTX 2060 ($299) | $2.30 | $0.48 | $1.82 | ~164 days |
| Radeon RX 6900 XT ($999) | $6.00 | $0.84 | $5.16 | ~194 days |
| Radeon RX 6800 XT ($649) | $5.25 | $0.84 | $4.41 | ~147 days |
| Radeon RX 6800 ($579) | $4.50 | $0.72 | $3.78 | ~153 days |
| Radeon RX 5700 XT ($399) | $4.00 | $0.66 | $3.34 | ~119 days |
| Radeon RX 5700 ($349) | $3.75 | $0.55 | $3.20 | ~109 days |
| Radeon RX 5600 XT ($279) | $2.70 | $0.48 | $2.22 | ~126 days |
So, there you have it. If you could buy the GPUs, the best options right now are the RTX 3060 Ti and the RX 5700. Neither one is readily available at the pricese listed, and we could see prices more than double the MSRP in the coming months, depending on how things develop. But if you get the right hardware, assuming you already have a PC, breaking even on the GPU in just four months still looks possible. At the outside, you might break even in a year. Assuming of course that Bitcoin doesn't go tits up again.
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